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Inside North Korea’s Secret Missile Program Funded by ‘Stolen’ BITCOIN

NORTH KOREA continues to develop its rocket program using stolen crypto funds, according to a new United Nations report.

A new United Nations report submitted on Friday to the Security Council’s North Korea Sanctions Committee says Pyongyang is using illicit funds obtained through cybercrime to support its program. his rocket.

Kim Jong Un turned to cybercriminals to help fund his illegal missile program

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Kim Jong Un turned to cybercriminals to help fund his illegal missile program

“Cyber ​​attacks, especially on crypto assets, remain an important source of revenue” for the North Korean government, according to a new report gathered by the North Korean government. Reuters.

In 2020, theft through cybercrime accounts for a total of 8% of North Korea’s estimated economy, according to the Central Bank of Korea in Seoul.

And in 2019, the UN sanctions watchdog reported that North Korea raked in about $2 billion for its weapons of mass destruction programs using cyberattacks.

Despite the fact that North Korea has long been banned by the United Nations security council from conducting nuclear tests, the UN panel of experts has indeed noticed a “clear acceleration” of this activity in the past year. January.

“Maintenance and development [North Korea’s] nuclear and ballistic missile infrastructure continues, and [North Korea] continue to seek material, technology and know-how for these programs abroad, including through networking means and joint scientific research,” the report said.

Last week, the United States and others noted that North Korea carried out nine ballistic missile launches in January, the highest level in a month so far for the country.

Last month, North Korea also reported that it now possesses a nuclear-capable missile that could reach the US mainland, specifically Guam.

North Korea’s economy is now at its worst in two decades after being hit by sanctions over nuclear and ballistic missile tests since 2006.

To avoid the limitations of already-imposed sanctions, North Korea has used its army of hackers to boost its GDP.

“According to a member state, [North Korean] Cyber ​​actors stole more than $50 million between 2020 and mid-2021 from at least three crypto exchanges in North America, Europe, and Asia,” the report said.

In another example, the cyber army tried to steal $2 billion from the financial transaction system Swift (Association for Worldwide Interbank Financial Telecommunication), according to Bloomberg.

North Korea has also created a rogue crypto exchange that actually steals funds from their users.

The malware, called AppleJeus, brought in at least $316.4 million to Kim Jong Un’s regime, which recently marked 10 years.

North Korea says it has missiles that can reach the US mainland.

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North Korea says it has missiles that can reach the US mainland.Credit: Reuters

In other news, Nasa has upgraded Asteroid dangerous software with some key changes that will help it better detect potentially dangerous space rocks.

Nasa revealed Beautiful footage of solar energy burst into action.

And, the US space agency is planning for a ‘golden asteroid’ Exploration missions will launch this summer.

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https://www.thesun.co.uk/tech/17575555/north-korea-secret-missile-program-stolen-bitcoin/ Inside North Korea’s Secret Missile Program Funded by ‘Stolen’ BITCOIN

Caroline Bleakley

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